ENTRACTES: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ENTRACTES
Largest movements
- Current investments +€89,043
new in 2025: €89,043
- Cash -€76,291
down €76,291 (-98.1%), from €77,774 to €1,483
mainly Current investments (-€89,043) and Net result for the year (-€8,550)
- Receivables within one year -€24,814
down €24,814 (-45.7%), from €54,329 to €29,515
of which Trade receivables: -€24,863
- Profit (loss) carried forward -€8,550
down €8,550 (-12.8%), from -€66,581 to -€75,131
- Tax, wage and social debts -€5,626
down €5,626 (-37.3%), from €15,098 to €9,472
- Other debts +€5,076
up €5,076 (+4.6%), from €109,556 to €114,633
- Trade debts -€3,037
no longer reported in 2025 (was €3,037)
- Gross operating margin +€19,406
up €19,406 (+75.0%), from -€25,887 to -€6,480
- Depreciation +€1,157
up €1,157 (+111%), from €1,038 to €2,195
- Financial income +€776
new in 2025: €776
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €138,469 | €126,333 | -€12,136 | -8.8% |
| Fixed assets | 21/28 | €6,366 | €6,292 | -€74 | -1.2% |
| Tangible fixed assets | 22/27 | €6,366 | €6,292 | -€74 | -1.2% |
| Furniture and vehicles | 24 | €6,366 | €6,292 | -€74 | -1.2% |
| Current assets | 29/58 | €132,103 | €120,041 | -€12,062 | -9.1% |
| Amounts receivable within one year | 40/41 | €54,329 | €29,515 | -€24,814 | -45.7% |
| Trade receivables | 40 | €54,329 | €29,466 | -€24,863 | -45.8% |
| Other amounts receivable | 41 | - | €49 | +€49 | |
| Current investments | 50/53 | - | €89,043 | +€89,043 | |
| Cash at bank and in hand | 54/58 | €77,774 | €1,483 | -€76,291 | -98.1% |
| Total equity and liabilities | 10/49 | €138,469 | €126,333 | -€12,136 | -8.8% |
| Equity | 10/15 | €10,778 | €2,229 | -€8,550 | -79.3% |
| Contributions | 10/11 | €75,300 | €75,300 | = | 0.0% |
| Capital | 10 | €75,300 | €75,300 | = | 0.0% |
| Issued capital | 100 | €75,300 | €75,300 | = | 0.0% |
| Reserves | 13 | €2,059 | €2,059 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,059 | €2,059 | = | 0.0% |
| Legal reserve | 130 | €2,059 | €2,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,581 | -€75,131 | -€8,550 | -12.8% |
| Amounts payable | 17/49 | €127,691 | €124,105 | -€3,586 | -2.8% |
| Amounts payable within one year | 42/48 | €127,691 | €124,105 | -€3,586 | -2.8% |
| Trade debts | 44 | €3,037 | - | -€3,037 | |
| Suppliers | 440/4 | €3,037 | - | -€3,037 | |
| Taxes, remuneration and social security | 45 | €15,098 | €9,472 | -€5,626 | -37.3% |
| Taxes | 450/3 | €15,098 | €9,472 | -€5,626 | -37.3% |
| Other amounts payable | 47/48 | €109,556 | €114,633 | +€5,076 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,038 | €2,195 | +€1,157 | +111% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | -€25,887 | -€6,480 | +€19,406 | +75.0% |
| Operating profit (loss) | 9901 | -€27,309 | -€9,063 | +€18,246 | +66.8% |
| Financial income | 75/76B | - | €776 | +€776 | |
| Recurring financial income | 75 | - | €776 | +€776 | |
| Financial charges | 65/66B | €60 | €61 | +€2 | +3.0% |
| Recurring financial charges | 65 | €60 | €61 | +€2 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | -€27,369 | -€8,348 | +€19,021 | +69.5% |
| Income taxes | 67/77 | €188 | €201 | +€14 | +7.2% |
| Profit (loss) for the period | 9904 | -€27,557 | -€8,550 | +€19,007 | +69.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,557 | -€8,550 | +€19,007 | +69.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.